{"id":24349,"date":"2026-10-13T17:14:05","date_gmt":"2026-10-13T17:14:05","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/10\/13\/hype-price-falls-5-despite-1-36b-in-buybacks-can-it-reclaim-85\/"},"modified":"2026-10-13T17:14:05","modified_gmt":"2026-10-13T17:14:05","slug":"hype-price-falls-5-despite-1-36b-in-buybacks-can-it-reclaim-85","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/10\/13\/hype-price-falls-5-despite-1-36b-in-buybacks-can-it-reclaim-85\/","title":{"rendered":"HYPE price falls 5% despite $1.36B in buybacks: Can it reclaim $85?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"is-style-lead\">HYPE price has fallen nearly 5% to around $81.20 over the past 24 hours despite Hyperliquid\u2019s Assistance Fund having spent $1.36 billion buying more than 48 million tokens.<\/p>\n<div id=\"cn-block-summary-block_5722a60f6d97c4fe1a3b49e06a6b1f6b\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Hyperliquid\u2019s Assistance Fund has purchased more than 48 million HYPE through its ongoing buyback program.<\/li>\n<li>HYPE traded near $81.20, while 24-hour trading volume increased more than 59% to $931.56 million.<\/li>\n<li>The daily chart places Supertrend support at $80.26, with MACD remaining below its signal line.<\/li>\n<li>USDC reserve income has added nearly $14.58 million to the fund\u2019s trading-fee-funded purchases.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Hyperliquid News reported on Oct. 13 that the Assistance Fund\u2019s cumulative purchases had exceeded 48 million HYPE, acquired for approximately $1.36 billion. The tracker valued the accumulated tokens at about $3.95 billion at its reporting price.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">THE ASSISTANCE FUND HAS BOUGHT 48,000,102.51 hyperliquid:native FOR $1,364,831,403.93, WITH A CURRENT VALUE OF $3,953,240,443.01. <a href=\"https:\/\/t.co\/npJwk4pue1\">pic.twitter.com\/npJwk4pue1<\/a><\/p>\n<p>\u2014 Hyperliquid News (@HyperliquidNews) <a href=\"https:\/\/x.com\/HyperliquidNews\/status\/2109946791437414564?ref_src=twsrc%5Etfw\">October 13, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Against that buying activity, the market figures accompanying the update placed HYPE near $81.20, with a 24-hour trading range of $79.52 to $85.73. Trading volume reached approximately $931.56 million, increasing more than 59% over the same period.<\/p>\n<p>On KuCoin\u2019s daily HYPE\/USDT chart, TradingView recorded a similar price of $81.197. The chart showed an Oct. 13 high of $83.410 and a low of $79.496, placing the token close to its green Supertrend line after retreating from its late-September peak.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">HYPE price holds above $80.26 as momentum weakens<\/h2>\n<p>TradingView\u2019s daily chart places the Supertrend indicator at $80.261, roughly $0.94 below the recorded price. Although the session\u2019s low briefly crossed beneath the line, HYPE subsequently traded above it, leaving the indicator\u2019s bullish signal in place.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1827\" height=\"954\" src=\"https:\/\/media.crypto.news\/2026\/10\/HYPEUSDT_2026-10-13_22-09-01.webp\" alt=\"HYPE daily chart shows price near $81.20, above Supertrend support at $80.26, with bearish MACD momentum after a pullback from $98.\" class=\"wp-image-14486192\" srcset=\"https:\/\/media.crypto.news\/2026\/10\/HYPEUSDT_2026-10-13_22-09-01.webp 1827w, https:\/\/media.crypto.news\/2026\/10\/HYPEUSDT_2026-10-13_22-09-01-300x157.webp 300w, https:\/\/media.crypto.news\/2026\/10\/HYPEUSDT_2026-10-13_22-09-01-1024x535.webp 1024w, https:\/\/media.crypto.news\/2026\/10\/HYPEUSDT_2026-10-13_22-09-01-768x401.webp 768w, https:\/\/media.crypto.news\/2026\/10\/HYPEUSDT_2026-10-13_22-09-01-1380x721.webp 1380w, https:\/\/media.crypto.news\/2026\/10\/HYPEUSDT_2026-10-13_22-09-01-880x460.webp 880w\" sizes=\"auto, (max-width: 1827px) 100vw, 1827px\"\/><figcaption class=\"wp-element-caption\">HYPE price daily chart \u2014 Oct. 13 | Source: TradingView<\/figcaption><\/figure>\n<p>Across the same chart, the candles show a decline from a late-September peak near $98 and a sequence of lower highs into October. The recorded price of $81.197 sits approximately 17% below that peak.<\/p>\n<p>The daily MACD presents a weaker momentum reading. TradingView shows the MACD line at \u22120.674, below the signal line at 0.700, with the histogram at \u22121.373. The negative histogram and downward movement in both lines support a bearish reading of the daily momentum indicator.<\/p>\n<p>Based on the visible daily price structure, a recovery toward $85 would first require HYPE to move above the session high of $83.41. Recent candles around $85 identify another potential resistance area, followed by trading clusters around $88\u2013$90.<\/p>\n<p>Further up the chart, previous highs place another resistance zone around $94\u2013$98. Those levels come from earlier price activity rather than an analyst\u2019s forecast.<\/p>\n<p>On the downside, the chart places the closest support references at the $80.26 Supertrend line and the session low near $79.50. A daily close below both would weaken the bullish Supertrend setup, with September lows around $75\u2013$77 providing the next visible price reference.<\/p>\n<h2 class=\"wp-block-heading\">Hyperliquid buybacks draw funding from fees and USDC reserves<\/h2>\n<p>Hyperliquid\u2019s official fee documentation <a href=\"https:\/\/hyperliquid.gitbook.io\/hyperliquid-docs\/trading\/fees\" target=\"_blank\">states<\/a> that the Assistance Fund automatically converts its share of trading fees into HYPE through the network\u2019s execution system. The documentation also says HYPE held in the fund is burned, permanently removing those tokens from circulating and total supply.<\/p>\n<p>Under the documented arrangement, fees support several community mechanisms, including the Assistance Fund, the Hyperliquidity Provider vault and market deployers. Hyperliquid allows spot and certain perpetual-market deployers to retain part of the fees generated by their markets.<\/p>\n<p>As crypto.news previously reported, Hyperliquid <a href=\"https:\/\/crypto.news\/hyperliquid-activates-aqav2-to-fund-hype-buybacks\/\" target=\"_blank\">activated its AQAv2 framework<\/a> for USDC on Aug. 26. The arrangement sends approximately 90% of cost-adjusted reserve yield to the protocol, adding income from stablecoin balances to the fund\u2019s trading-fee revenue.<\/p>\n<p>According to Hyperliquid\u2019s framework, Coinbase serves as the USDC treasury deployer, while Circle handles technical functions such as minting, redemption, and cross-chain transfers. Revenue accumulates over 30-day periods before an automatic transfer eight days after each period ends.<\/p>\n<p>Hyperliquid\u2019s published framework makes payments dependent on reserve balances, yields, and operating costs, rather than setting a fixed annual contribution.<\/p>\n<h2 class=\"wp-block-heading\">Revenue growth accompanies a separate institutional token deal<\/h2>\n<p>In September, a report on Hyperliquid\u2019s <a href=\"https:\/\/crypto.news\/hyperliquid-posts-strong-429m-revenue-leads-2026\/\" target=\"_blank\">2026 protocol revenue ranking<\/a> detailed CoinGecko\u2019s calculation of $429.04 million in revenue from Jan. 1 through Sep. 15.<\/p>\n<p>CoinGecko placed Hyperliquid first in its adjusted comparison, accounting for 12.62% of a $3.40 billion revenue pool. Pump.fun ranked second with $322.21 million, leaving Hyperliquid ahead by more than $106 million at the study\u2019s cutoff.<\/p>\n<p>Separately, Oct. 8 coverage detailed a <a href=\"https:\/\/crypto.news\/hype-drops-4-to-87-as-team-starts-330m-token-deal\/\" target=\"_blank\">3.75 million HYPE transaction<\/a> after Hyperliquid Labs completed a seven-day unstaking process. Onchain Lens linked the allocation, then valued near $330 million, to an institutional over-the-counter agreement.<\/p>\n<p>According to the tracker, 1.875 million HYPE initially moved through five wallets, each receiving 375,000 tokens. Subsequent Lookonchain tracking showed 1.25 million HYPE returning to staking, with the remaining tokens held across two addresses.<\/p>\n<p>Onchain Lens described the arrangement as a private transaction rather than an open-market sale. Hyperliquid Strategies CEO David Schamis later said his company was not the buyer.<\/p>\n<h2 class=\"wp-block-heading\">U.S. investors have HYPE exposure through listed funds<\/h2>\n<p>For American investors, May 15 coverage of <a href=\"https:\/\/crypto.news\/21shares-launches-first-u-s-hyperliquid-etfs-with-staking-exposure\/\" target=\"_blank\">U.S. Hyperliquid investment products<\/a> detailed 21Shares\u2019 THYP spot product and TXXH leveraged fund.<\/p>\n<p>According to the asset manager\u2019s announcement, THYP provides HYPE exposure and incorporates staking, while TXXH offers a separate leveraged strategy.<\/p>\n<p>The launch documents described THYP as a Securities Act of 1933 product rather than an investment company registered under the Investment Company Act of 1940. In its disclosures, 21Shares stated that THYP investors do not receive the same protections available under traditional 1940 Act ETFs and mutual funds; TXXH was registered under the 1940 Act.<\/p>\n<div class=\"cn-block-disclaimer\">\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/hype-price-falls-despite-1-36b-in-buybacks\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HYPE price has fallen nearly 5% to around $81.20 over the past 24 hours despite Hyperliquid\u2019s Assistance Fund having spent $1.36 billion buying more than 48 million tokens. Summary Hyperliquid\u2019s Assistance Fund has purchased more than 48 million HYPE through its ongoing buyback program. HYPE traded near $81.20, while 24-hour trading volume increased more than [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-24349","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/24349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=24349"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/24349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/22708"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=24349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=24349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=24349"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=24349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}